Economy

Major European film group hacked to promote Bitcoin scam on Twitter

Major European film group hacked to promote Bitcoin scam on Twitter

The hijacking scammers had been very smart in putting up the name and profile picture of Elon Musk as well as acquiring a "verified" blue tick. S. lawmaker, a film company and a book publisher were hacked to impersonate Musk and that all these accounts are linking to a well-known crypto scam that promises to send large amounts of Bitcoin to the users if they just send a small amount first. Scammers would then post in comment threads started by the real Elon Musk, so as to give the impression of legitimacy.

Clothing retailer Matalan and Pathé United Kingdom, the British arm of the French filmmaker, were both targeted by the scammers, who took control of the brands' Twitter accounts and posted scam messages advertising the giveaway.

There are other verified accounts which have been used by the hackers which have commented under the original "Elon Musk" tweet but with different names leading Twitter users to believe that this is legitimate.

Scammers are back on Twitter impersonating their favorite celebrity, Elon Musk, in a bid to convince people to invest in their phony Bitcoin scheme.

But numerous posts still bear the hallmarks of classic scams - including frequent spelling errors (see "Bitcoic" and "suppoot" in the above tweet) and a request for money.

"We are proactively tackling so-called cryptocurrency scams on the platform". This is a significant improvement on previous action rates...

More news: A 'Breaking Bad' movie is in the works

The scam tweet has been posted by several verified accounts on Twitter. Another indicator is that there are a few spelling mistakes within the tweet which suggests a compromised account.

Some users are willing to sacrifice additional security for the convenience of accessing their account a little quicker, said Malwarebytes' Boyd.

One of the scam tweets.

The Pathe UK Twitter account was hacked this morning by an unknown third party. They didn't confirm if the account was using 2FA prior to the attack. Let us know what you think down below! The same type of campaign has also seen attackers pose as other high-profile individuals and companies.

Elon Musk seems to be a preferred target of impersonators on Twitter and November 5 was another such day that saw a number of accounts being hacked to impersonate Elon Musk with one almost collecting $170000.

Musk has previously asked Dogecoin co-creator Jackson Palmer to help provide a fix to the scam accounts issue.


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